ESS Tech (GWHT) Return on Assets [ROA] (2021 - 2026)
ESS Tech's Return on Assets [ROA] came in at -139.71% for Q2 2026, up 25.27 percentage points from -164.99% a year earlier but down 33.36 percentage points from the prior quarter.
Powered by 
Analysis
ESS Tech (GWHT) Return on Assets [ROA] (2021 - 2026) Analysis & Trends
For FY2025, ESS Tech's Return on Assets [ROA] was -93.36%, down 9.84 percentage points from FY2024.
- Return on Assets [ROA] has declined in each of the last four years, with a four-year change of -45.14 percentage points (FY2021 to FY2025).
- Going back by year, Return on Assets [ROA] was -83.52% in FY2024 (-29.28 pp), -54.24% in FY2023 (-4.45 pp), -49.79% in FY2022 (-1.58 pp) and -48.21% in FY2021.
- The five-year range for quarterly Return on Assets [ROA] is -166.34% (Q3 2025) to -11.82% (Q3 2021).
- Year-over-year, Return on Assets [ROA] increased in two of the last eight quarters, with an average year-over-year change of -36.22 percentage points.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q1 2026 (a gain of 34.72 percentage points), and the weakest in Q2 2025 (a drop of 96.99 percentage points).
- Business Quant data shows GWHT's Return on Assets [ROA] at -106.35% (Q1 2026), -131.49% (Q4 2025) and -166.34% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 12.40% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 8.57% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 13.58% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 13.76% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 8.19% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 5.07% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 1.49% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 9.76% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.86% |
| 10 | ESS Tech | 2.30 Mn | -55.62 Mn | -7.42 Mn | -139.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -139.71% |
| Mar 31, 2026 | -106.35% |
| Dec 31, 2025 | -131.49% |
| Sep 30, 2025 | -166.34% |
| Jun 30, 2025 | -164.99% |
| Mar 31, 2025 | -141.08% |
| Dec 31, 2024 | -106.58% |
| Sep 30, 2024 | -82.15% |
| Jun 30, 2024 | -68.00% |
| Mar 31, 2024 | -60.63% |
| Dec 31, 2023 | -56.91% |
| Sep 30, 2023 | -68.60% |
| Jun 30, 2023 | -78.37% |
| Mar 31, 2023 | -67.17% |
| Dec 31, 2022 | -57.75% |
| Sep 30, 2022 | -51.60% |
| Jun 30, 2022 | -39.22% |
| Mar 31, 2022 | -30.69% |
| Dec 31, 2021 | -17.22% |
| Sep 30, 2021 | -5.06% |
API Access
ESS Tech Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=GWHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "GWHT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=GWHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();